Report online

Gross interest on bonds and diyidends on stocks,
less $142.39 accrued interest on bonds acquired
during the year $12,920 67

Gross interest on deposits in trust companies and
banks 189 43

Total gross interest and rents 13, 110 10

From other sources:

Commission on reinsurance $1,100 86

Sundry creditors 62 01

1,162 86

Total inrome , $48,875 11

Total footings $394,710 00

DISBURSEMENTS.

Fire.

Gross ajnount paid policyholders for losses $13,653 20

Deduct amount received for reinsurance, fire 1,042 46

Net amount paid policyholders for losses $12,610 74

Expenses of adjustment and settlement of losses 188 01

Commissions or brokerage 8,649 29

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 2,500 00

Adyertlsing, printing and stationery 1 00



Digitized by



GoogI(



6l4 naI^ionaL brewers ms. c6, '

Fire department, Are patrol and salyafire corps assessments, fee#,
taxes and expenses .n 248 48

State taxes on premiums G45 48

Insurance department licenses and fees 642 85

All other licenses, fees and tuxes:

Federal corporation tax ; $253 05

Coolc County, Illinois, personal property tax 132 00



Other disbursements:

Fee to custodian of securities $313 <V>

Audit fee 250 00

Premium on surety bonds of officials 104 13

Bank and collection charges 16 80

Diyidends to policyholders 9.157 07



385 06



9,84165

Paid stockbolders for interest or dividends > 10,000 00

Gross loss on sale or maturity of ledger assets : Bonds 06 00

Total disburseraenU $45.618 53



Balance $340,001 53



LEDGER ASSETS.

Book ynlue of bonds, $321,080.70, and stocks, $200.00 $322,180 70

Cash in company's office $983 81

Deposit in trust companies and banks
on interest 21,860 35



22,853 16
Agents* balances representing business written sub-
sequent to October 1, 1913 4,057 67



Totel ledger assets $349,091 53

NON-LEDGER ASSETS.
Interest accrued on bonds 4,279 57



Gross assets , $358,371 10

DEDUCT ASSETS NOT ADMITTED.
Book yalue of ledger assets oyer market yalue: Stocks and bonds 13,670 70



Total admitted assets $339.800 40



LIABILITIES.

Gross premiums (less reinsurance) (cash and bills) received and
receivable upon all unexpired inland navigation risks, $35,765.81 ;
unearned premiums (fifty per cent) $18,334 95

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement 750 00

All other JIabilltieR : Sundry creditors 02 01

Total amount of all liabilities except capital $19, 146 96

Capital actually paid up in cash $200,000 00

Surplus over all liabilities 120,653 44

Surplus as regards policyholders 320,663 44

Total liabilities $339,800 40



Digitized by



GoogI(



NATIONAL BREWERS INS. CO.



615



RISKS AND PREMIUMS.



Fire risks.

In force on the Slst day of December. 1012 $4,963,742

Written or renewed during the year 4,088,456

Total $9,552,198

Deduct thosQ expired and marked off as terminated 4,848,142

In force at the end of the year $4,704,056

Deduct amount reinsured 577,600

Net amount in force $4,126,456



Gross
premiums
thereon.
$42,478 26
42,521 13

$85,034 39
44.806 26

$40,228 13
4.462 32

$35,766 81



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written .


Term.


Amount
covered.


Gross
premiums
cbarffed,
less re-
insurance.




Amount of
premium
unearned.


1913

1913

1911

1912

1913

1913


One year or less . . .

Two years

Three years

Three years ;

Three years |

Five years


$3,863,356
40,000
38,600
50,000
.S4,r,<HH
50,000


$32.850 02
193 60
674 37
312 50
9Sr> 2:i|
750 00


1-2
3-4
1-^
1-2
5-6
9-10


$16,425 01
146 27
112 89
156 25
821 03
675 00




Totals


$4,120,456


$35.766 81


$18,334 tl5



BUSINESS IN THE STATE OF WISCY)NSIN ni^RINO THE YEAR.



Gross risks written

Less rrlnsurance in companies authorized In Wisconsin

Net risks written

Gross premiums on risks written

Less $129.93 return premiums; and $375 premiums for reinsurance
in companies authorized in Wisconsin ,

Net premiums received

Losses paid (deducting salvage)

Losses incurred



Fire.
$478,500
69.500



$409,000



$4,090 81

604 93

$3,580 88

^123



Digitized by



GoogI(



616



NATIONAL BREWERS INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unearned premiums Dec. 31 of
previous year



Total

Deduct unearned premiums Dec. 31,
end of the year



Premiums earned durlnjir the year.



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents' balances previously
charged off



$34,S07 15
18,521 92



^,119 07
18.334 95



Underwriting Income earned during!
the year |.



LOSSES.



Losses paid



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Add underwriting expenses unpaid
Dec. 31, end of the year



Underwriting expenses incurred dur
ing the year



112,688 30
82 01



Underwriting losses and expenses



Gain from underwriting during tbe|
year






134,784 12



1,762 86



112,610 74



12,756 31



INVESTMENT EXHIBIT.
Interest and Rents.






1



Interest, dividends and rents received'
during the year I

I>e<inct Interest, dividends and rents]
due and accrued Dec. 31, end of thel
year j

Balance j

Add interest, dividends and rents due|
and accrued I>o<'. 31, end of the|
year |



135,946 96



25,366 05



fl6.6M M



113,115 10"
4,162 00



$8,952 20
4.279 57|



Total ' 1 i ^8,251 77



Digitized by



GoogI(



NATIONAL BREWERS INS. CO.



617



UNDERWRITING AND INVESl'MENT EXHIBIT-Continued.



LOSS ON INVESTMENTS.

Loss from sale of ledger assets ....

Loss from cbaoKe In difference be-
tween book and market value dur-
ing tbe year



Loss on lu vestments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year



I



$56 OOj
3.689 00



Investment losses and expenses dur-
ing tbe year



Gain from investments during the
year



$3,745 00



1.101 42



MISCELLANEOUS EXHIBIT.



Total gains and losses in surplus

during the year

Surplus Dec. 31, 1912

Surplus Dec. 31, 1913



Decrease in surplus during the year
Totals



$120,844 73
120,663 44



t



Gain in
Surplus.

$18,966.28



190 79



4.840 42



$8,S85 S5



Loss in
Surplus.

$19,157 97



$19,167 071

I



$19,167 97



Per cent of losses incurred to premiums earned 30.25.
Per cent of underwriting expenses incurred to premiums earned 36.67.
Per cent of Investment expenses incurred to Interpst and rents earned H6.62.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 100.28.



Digitized by



GoogI(



618 NATIONAL FIRE INS. CO.

NATIONAL FIRE INSURANCE COMPANY,

Hartford, Conn,

Home Office. 05 TKARL STRKET.

finc'orporntod June 4, 1809; commoncod huGilness December 1, 1871.1

Preeldent. JAMES NTCHOI^S. Vice President, H. A. SMITH.

Secretary, G. H. TRYON.

CAPITAL STOCK.

Amount of capttnl paid up In cash $2,000,000 00

Amount of ledger asset?, December 31 of previous year $14,762,199 01

INCOME.

Fire

Gross promlnms $13,,192,5]8 64

Deduct roln5nir«nc«i premiums. *.1,0t 5,056.66 and

return premlum.s $1,023,421.29 4.9.38.477 95

Total premiums (other than perpetunH $8,454,040 69

Gross Interest on mortjrace loans less $635.50
accrued Interest on mortRSffPs acquired durlnsr
1913 $92,438 05

Gross lnt*^re?it on bonds nnd dividends on stocks,
lees $0,846.10 accrued interest on bonds ac-
quired during 1913 403,433 60

Gross Interest on deposits In tnist companies

nnd banks 23.079 20

Interest on bills receivable 5,048 47

Interest on certificates of deposit — bank accounts

now closed 952 54

Gross rents trom company's property. Including
$20,000 for company's occupancy of Its own
buildings .36. 741 76

Total eross Interest and rents 652.293 62

From other sources :

Tonsdence fund $177 34

Chrck Issued In previous years not presented

at bank 526 92

â–  704 26

Increnj»e In liabilities durlncr the year on account of reinsurance

irentles 21 ,30i 63

From nurcnts" b!)lances prevlouplv chnr«red off 699 74

Gross nrofit on snle or maturity of ledger assets :

Ronds $1 ,295 50

Stocks 19 25

1.314 7.n

Total Income $9,130,354 69

Total footings $23.882.5.53 70

DTSBT7RSEMRNTS.

Fire
Gross amount nnid nollcyhrlders for losses (In-
cludlnc: .5441.000.0fi occuning In previous

years) $6,201,309 94

Deduct amount received for salvage. $30,732.47 ;
and f«>r reinsurance In other companies,
$1,815,367.45 1.846.099 92

Net amoupt paid policyholders for tosses $4,355,2^0 02

Digitized by LjOOQIC



NATIONAL FIRE INS. CO. 619

Expensei of adjustment aud sottlement of Iosbch 53,694 13

Commissions or brokerage 1,513,826 69

AUowances ro local agencies for miscellaneous agency expense? 1,811 T4

Salaries, $755,020.46 and expenses. |207,049.52, of special and

i^neral agents 962,078 98

Salaries, fee?, and all other charges of officers, directors, trus-
tees and homo office employes 223,247 88

KentP. including $20,000 for company's occupancy of its own

bulldlngB 50,964 68

Advertising, $27."»28.:{S ; printing and stationery. $69,371.88 96.900 26

Postage, telegrams, telephone and express 70,482 17

Legal expenses 10,902 15

Fumitore and fixtures 18.548 44

Maps, Including corrections 14,588 40

Underwriters' boards and tariff aHsociatlons 108.782 80

Fire df^partment, iire patrol and salvage corps assessments, fees,

taxen and expensex 52.576 69

Inspections and Kurvevs 12,12.*t 78

Repairs and expenses (other than taxes) on real eHtatc 5,017 90

Taxes on real estate 9,871 49

State taxet» on premiums 154.638 59

Insurance department liceni.'es and fees 30, 104 00

All other llcense4}, fees and taxes:

Federal corporation tax $5,201 76

Tax on capital vtock (Connecticut) 63,878 70

City aud county taxes 13.239 69

State, county and city licenses and fees 17,157 47

Other taxes, licenses, fees 605 07



100,082 69



Other disbuntements *

l^epartmental examination $16,646 12

Office expenses 12.417 62

Mercantile reportH 2,914 78

Premiums on surety bonds 560 55

Traveling expenses 6,819 13

Other miscellaneouM expenses 2,410 30

Investment exponse** and commissions 2.101 85

Interest on adv.nnce payments CJerman Ins. Co. 177 45
Interest paid on uninvested reserves of rein-
suring companies 1 ,981 .38

46,029 18

Paid ptockbolders for interest or dividends (amount declared

during the year) 400. 000 00

Agent**' balances charged off 1,763 17

Gross loss on sale or maturity of ledger assets *

Real estate $8,836 22

Bonds 9,309 25



18.145 47



Total disbursements $8,311,101 99



Balance $15,571,361 71



LEDOKR ASSRTS.

Rook vahio jf real estate (h'ss Incumbrances)... $507,364 24

Mortgage loans on real estate, first liens 1,566.150 00

Book value of bonds. $0,719,717.58, and stocks,

$1,217,306.04 10,937,023 62

Cash in company's ofilce 1,751 02

Drposlts In trust companies and

banks not on Interest 101 ,758. 01

Deposits in trust companies and

banks on interest 810.188 44

913.697 47

Agents* balances representing business written

subsequent to October 1. 101.". $1,285,262 65

Agents' balances representing business written

prior to October 1, 1013 34,565 91

Bills rec<»ivable, taken for fire risks 216,983 54

Other ledger assets : Cash in

branch offices. Chlcairo. $.H43.42 :

Omaha. $3,120.12; New Orleans,

111,760.88 $15,2?4 48



Digitized by



GoogI(



620 NATIONAL FIRE INS. CO.



Bills receivable takin for a^jents*

balances 2. i:{9 13

Collections due from financial apents 12, 500 00
Due from department mana^rers for

homo office reinsurance 21,519 08



$51,382 63



Less, due to gpeclal BffentP, ^16,-
828.51, due to other Insurance
companies. |14,239.84 31,068 35



20,314 28



Total ledger assets $15,571,361 71

NOX-LKDGEU ASSETS.

Int<-rr'st duo, $3:15 and accnicd, f 27.440.1 1 on

mortKnsres $27. 784 11

Interest accrued on hond.s 132,228 73

160.012 84

Market value of real estate over book value 12.803 25

Gross assets $15,744,177 80

DEDurrr assets not admitted.

Agents* halinces representing business written

prior to October 1, 1913 $34, .505 91

Bills receivnble, past due, taken for marine,

inland and fire risks 9,709 90

Book value of Ied!?t»r assets over market value :

Bonds and stocks 177,254 47

Other assets not admitted :

BIIIh rpcoivable takm for agents' balanres... 2,139 13

Collections due trom flnancial agents 12.500 00

Due from department managers for home office

refnsurnn«'e 21 , 519 08

Due from other insurance companies 637 78

— 258,416 27

Total admitted assets $15,485,761 53



LIABILITIES.

Gross lofpps adjiisled and net yet due $160,064 94

Gross claims for losses in process of adjustment,
or In suspense, plus $40,534 56 reserve for
losses Incurred prior to December 31 st. of
which no notice had been received on tliat date 692,411 51
Gross claims for losses resisted 82,438 07



Total $934,914 !i2

Deduct reinsurance duo or p.ccnied .322,391 86



Net amount of unpafd losses and claims $612,522 66

Gross premiums (loss relnsumnce) received and receivable upon

all unexpired five risks, $1.5.870,350.22: unearned premiums.. 8,140,335 93
Salaries, rents. e\pen.ses, bills, accounts, fees, etc., due or ac-
crued 27,623 O.i

Estiniatod amount heri>after payable for federal, state and other

taxes ba.sed upon the business of the year of this statement.. 225.000 00

Pontingent commissions or other charges duo or accrued 22.376 05

Funds held under reinsurance tivatlcs 75,462 (H\

Special reserve fund covering all continent liabilities 300,000 CK)



Total amount of all liabilities, except capital $9, 403, .320 65

Caplt.il actuirllv paid no In cash $2,000,000 00

Surplus over all liabilities 4.082.440 88



Surplus as regards policyholders 6,0S2,44O 88

Total liabilities , . . , $15.J185.701 53

Digitized by LjOOQIC



i4ATl6NAL iPtRE tNS. CO. ^21



RISKS AND PREMIUMS.

Gross

premiums

Fire risks. thereon.

In foice on the 31st day of Deceir.ber, ini2 ?1.784.752,338$18,704,873 97

Written or renewed durlni? the yeor 1,381.715,612 13.392,518 64

Excels of original premlufos over amount re-
ceived for reinsurance 179, 801 69



Total $3,166,467 850$32,277,104 30

Deduct those expired and roarlted ofT as termi-
nated 1,246,865,999 12,745,421 95

In force at the end of the year $1,919, 601, 851$19. 531, 772 35

Deduct amount reinsured 386,361,234 3,661.422 13

Not amount In force $1,533, 240.617$! 5, 870. 850 22



RECAPITULATION OP PIRB RISKS AND PREMIUMS.



Digitized by



GoogI(



6^^



KATIOKAL FIRE MS. CO.



BUSINESS IN THE STATE OP W1SCX}NS1N DURING THE YEAtt.



Fire.



« Tornado.



TotaL



I



Gross risks written ...,

Less $4«150.718 risks cancelled, and I
$582,535 reinsurance In companiesj
authortseed In Wisconsin



I



I-



119,645,5771 11,351,623
4.121,2371 012,016



Net risks written | $15.524.340|



Gross premiums on risks written . .

liess 124,013.37 return premiums; and
$2,106.42 premiums for reinsurance
in companies authorised in Wlscon
sin



Net premiums received



Losses paid (deductinsr salvage) ....
Less losses on risks reinsured In com-
panies authorised in Wisconsin ...



$198,350 42



28.481 16



$174,875 26



$48,327 24
132 24



Net losses paid



Losses incurred

Less losses on risk? reinsured in com-
panies authorised in Wisconsin ...|



1=



$48,195 00



$06,355 05
211 24



Net losses incurred



$66,143 81

I



$739,0071



$7,549 40



2,637 63



$4,^911 77



$1,404 78



$20,097,200
4.733.253



$16,263,947



$206,9(6 82



26, U8 79



$179,787 03



$49,732 02
132 24



$1,404 78 $49,009 78



$1,525 781 $67,880 8S



I



211 Sft



$1,025 78



I



$67,660 60



Digitized by



GoogI(



NATIONAL FIRE INS. CO.



62^



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Preminms.



Total premiums

Add unearned premiums Dec. 31. 1912



ToUl

Deduct unearned premiums Dec. 31,
1913



$16,316,967 39
8.140.335 98



Premiums earned during 1913



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances previously
cliarged off. $699.74, and from otlier
underwriting income. $704.26 ....

Loss from agents' balances charged
off



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31. 1912 $83,584 10

Agents* balances and bills

receivable not admitted

Dec. 31, 1913 81.161 80



Gain from above



Gain from underwriting profit and
loss items



Underwriting income earned during
1913



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31. 1912.



Balance «

Add unpaid losses Dec. 31. 1913



Losses incurred during 1913



UNDERWRITING EXPENSES.

Underwriting expenses paid during
1918

Deduct underwriting expenses unpaid
De^. 31, 1912



Balance

Add underwriting expenses unpaid
Dec. 31. 1913



Underwriting expenses Incurred dur-
ing 1913



Underwriting losses and expenses
Gain from underwriting during 1913[



$8,454,040 69
7,862.926 70



$1,404 00
1,763 17



$359 17



4.422 36



$4,355,210 02
586,296 03



$3,768,913 99
612,522 66



$3,501,279 08
282,085 01



$3,219,194 07
275,000 00



1=



$8,176,631 46



4,063 19



$4,381,436 65



8,494,194 07



$8,180,694 66



7,875,630 72



$806,068 98



Digitized by



GoogI(



624



iirATi6NAL irtRifi h^8. CO.



UNDERWRITING AND INVESTMENT EXHIBIT-Contiiiued.



INVESTMBJNT EXHIBIT. I

Interest and Rents. j

Interest, dividends and rents received!

during the year I |650,1J4 79

Deduct interest, dividends and rents!

due and accrued Dec. 31. 1912 ....f 157,271 79

Balance r. i $492,863 00

Add interest, dividends and rents duel
and accrued Dec. 31. 1913 f 160,012 84



Total



I



1652,875 84>.



PROFIT ON INVESTMENTS.

Gain from sale of ledger assets . . .

1
Investment income earned during 1913|



1.314 76



654,190 50



LOSS ON INVESTMENTS.



Loss from sale of ledger assets

Loss from change in difference l>e-
tween book and market value dur-
ing 1913

Loss on investments during 1913



I
$18,145 47
323,237 49



II^VESTMENT EXPENSES.



!



Investment expenses paid during 19131 .

Investment losses and expenses dur-l
ing 1913 1-



$341»382 96



32,635 42



Gain from investments during 1913.






374.018 38



fsst.iTf n



MISCELLANEOUS EXHIBIT. j I ^^^ ^ j^^ ^

I I Surplus. ) Surplus.

Dividends declared to stockholders I I ^^

durlDK 1913 j^ j **"°^°°

Total gains and losses In surplus
during J013^,..,,,, ^isoi.ioi 74 .



-I-



Surplus Dec. 31. 1912 .
Surplus Dec. 31. 1913



Increase In surplus during 1913



4.082.440 881



9S85,SS6 14| 94M.tM —



.!.



iss.tai 14



Totals I I f585.2«614 96».2M 14



Per cent of losses Incurred to premiums earned 53^58. - -«-•

Per cent of underwriting expenses incurred to premiums earned 454.73.
Per cent of investment expenses incurred to interest aqp rents earned 50.73.
Ppr cent of total losses and expenses Incurred and dividends declared to
total income enrned 97.94.



Digitized by



GoogI(



i^Atlbi^At tUMbteft iNS. co. 625



iTATlONAL LUMBER INSURANCE COMPANY,

Buffalo, N. Y.

Home Office, 700 MAIN STREET.

[tncorporated November 15, 1905; commenced business November 10, 1905J

Date of admission into Wisconsin, 1006.

President. MORRTS S. TOEMAINE

Vice President. GEORGE B. MONTGOMBRY.
Secretnrj-, WILLIAM P. ITAINES.

CAPITAL STOCK
Amount of capital paid up in cash |1200,000 00



Amount of ledger assets, December 31 of previous year $432, 100 10

IXCOl^IE.

Fire

Gross premiums |1423, 470 20

Deduct reinsurance premiums* Are. $140,133.90;

return premiums, fire, $09,560.00 239,694 89



Total premium? (rvther than perpetual) $183,784 40

Gross interest on bondr and dividends on i<tocks.

less $142.22 accrued interest on bonds acquired

during the year $10, 029 32

Gross interoft on deposits in trust companies

and banks 4,174 13

Gross interest from all other sources:

Philadelphia Mre Underwriters' fund 8 15

14,206 60

From agents' balances previously charged off 7X 20



Total Income $198,064 20

Total footings $630, 173 80

DISBURSEMENTS.

Fire.

Gross amount paid policyholdci*8 for losses (in-
cluding $19,420.83 occurring In previous
years) $169,038 42

Deduct amount received for Raivaue. Are, $1,-
634.50 ; reinsurance, fire, $24.845.32 ; discount,
fire. $1;H6.21 26,616 03



Net amount paid policyholders for losses $142,422 39

Expenses of adiustment and settlement of losses 2,027 95

Commissions or brokerage 62.165 93

Allowance to local agencies Tor miscellaneous agency expenses.. 8,724 93
Salaries, $4,350.00. and expenses, $3,883.91. of special and gen-
eral agents 8, 233 91

Salaries, fees, and all othor charges of officers, directors, trustees

and home office employes 19,917 58

Rents 1,340 28

Advertising. $1,612.66; printing and stationery, $1,003.54 2.676 20

Postage, teleeram>?, telonhone and oxpress 1,007 68

40— Ins.— I



Digitized by



GoogI(



626 NA*riONAL LUMBER INS. CO.



Legal expenses

Furniture and fixtures '

Maps, including corrections

Underwriters* boards und tarifl associations

Fire department, fire patrol and salvage corps assessments, fees,

taxes and expenses

Inspections and surveys

State taxes on premiums

Insurance department licenses and fees

All otlier licenses, fees, and taxes:

Federal corporation tax |427 47

State francliise and municipal 1,280 8U



1,114 3i
183 92
281 11

2,940 40


979 90

985 45

2.656 53

1,123 75



1,708 27

Other disbursements : General expenses, home office 807 04

Paid stockholders for interef»t or dividends 12,000 00

Grosfl loss on sale or maturity of ledger assets : Bonds 49 90



Total disbursements $268,347 43



Balance |36l,825 87



LEDGER ASSETS.

Book value of bonds. $236,034.63. and stocks,

$27 418.75 $263,453 38

Cash in company's office $36 80

Deposits in trust companies and

banks not on interest 402 54

DepoRits In trust companies and

banks on Interest 39,440 52



39.879 86
Agents' balances representing business written

subsequent to October 1, 1913 54,834 99

Agents' balances representing business written

prior to October J, 1913 2,449 12

Other ledger assets: Reinsured losses and ad-

justmemtff â–  1 . 208 52



Total ledger assets $361, 825 87



NON-LEDGER ASSETS.

Interest due, $802.50 and accrued, $1,287.02 on

bonds $2,180 42

Interest due and accrued on bank baJances 1,112 77



Total 3,293 19



Gross assets $365, 119 06



DEDUCT ASSETS NOT ADMITTED.

Agents' balances representing business written

prior to October 1, 1913 $2,449 12

Book value of ledger assets over market value. . 30,136 78

32,585 00



Total admitted assets $332,533 16



Digitized by



GoogI(



kAHONAL LUMBER IKS. Cd. ^27



UABILlTrBJS.

dfosa losses adjusted and not yet due $3,508 10

Gross claims for h)sses in process of adjustment
or in suspense, plup |5, 754.74 ; reserve -for
losses incurred prior to* December 31 of whlcn

no notice had been received on that date 42,896 17

Gross claims for losses resisted 2,220 00



Total $48,624 27

Deduct reinsurance due or accrued 8,178 94



Net amount of unpaid losses and claims $40,44S S3

Salaries, rents, expf^nses, bills, accopnts. fees, etc., due or accrued 475 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 2,565 26

Commissions, contingent or other charges due or accrued 5,155 00

Reinsurance and return premiums due other companies 5,300 76

All other liabilities :

Commission on New Hampshire reinsurance 4,335 75

Reserve for non-admitted reinsurance in Wisconsin 2,721 06

Reserve for legal expenses, $1,500.00 ; commission on New

Hampshire reinsurance, $4,525.00 6, 025 00



Total amount of all liabllitlps except capital $67,083 16

Capital actually paid up in cash $200,000 00

Surplus over all liabilities 65,450 00

Surplus as regards policyholders 265,450 00



Total liabilities $3.32.533 16



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $.365,099 00

Less $193,476.00 risks cancelled, and $16,666.00 relu«urance In com-
panies authorised in Wi.sconsin 210,142 00

Net risks written , $154.957 00

Gross premiums on risks written $8,332 49

Less $2,128.88 return premiums; and $389.04 premiums for reinsur-